United Kingdom

  • Edward P. M. Gardener
  • Philip Molyneux


As in other European countries, the UK banking market has undergone substantial change over the last twenty years, mainly driven by domestic deregulation as well by various other forces that have changed the supply and demand characteristics of the financial services industry (Molyneux et al.,1996). Compared to its main European counterparts the UK has a relatively small number of banks. As Figure 12.1 illustrates, the total number of authorised banking institutions has fallen from around 600 in 1985 to just over 460 in 1998. It also shows the decline in the number of mutual building societies over the same period.


Investment Banking Foreign Bank Banking Service Internet Banking Building Society 
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Copyright information

© Edward P.M. Gardener and Philip Molyneux 2002

Authors and Affiliations

  • Edward P. M. Gardener
  • Philip Molyneux

There are no affiliations available

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